Barrick Gold Co. (TSE:ABX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given an average rating of “Moderate Buy” by the eleven analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$30.73.

Several equities analysts recently weighed in on ABX shares. TD Cowen reaffirmed a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a research report on Tuesday, January 14th. Scotiabank downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Royal Bank of Canada raised their price objective on shares of Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Canaccord Genuity Group lowered their price objective on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th.

Barrick Gold Price Performance

Shares of ABX opened at C$26.40 on Thursday. The firm has a market cap of C$32.09 billion, a PE ratio of 19.88, a PEG ratio of 2.34 and a beta of 0.48. The firm’s 50 day moving average price is C$24.46 and its 200 day moving average price is C$25.38. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. Barrick Gold has a twelve month low of C$20.65 and a twelve month high of C$29.50.

Insider Buying and Selling at Barrick Gold

In other news, Director Dennis Mark Bristow acquired 230,872 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of C$25.71 per share, for a total transaction of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of Barrick Gold stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. Company insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.